BREAKING: USD ticks higher after mixed US PMIs

Flash PMI indices for December from the United States were released today at 2:45 pm GMT. Report was expected to show a small deterioration compared to the previous reading. Actual report turned out to be mixed - manufacturing came in below expectations while services beat expectations. As a result, composite PMI moved from 50.7 to 51.0 instead of an expected drop to 50.5.

EURUSD moved lower in a knee-jerk with similar move being spotted on the US equity indices, like US500. However, scale of the drop was small and did not exceed 0.1% in the first minutes following the release.

US, flash PMI indices for December

• Manufacturing: 48.2 vs 49.1 expected (49.4 previously)
• Services: 51.3 vs 50.5 expected (50.8 previously)
• Composite: 51.0 vs 50.5 expected (50.7 previously)

US500 inched lower after US PMI data for December. Source: xStation5